NetAsset - Asset Balance Roll Forward Report

Purpose 

The asset balance roll forward report is used to summarize the beginning and ending asset balance accounts (Gross assets and accumulated depreciation) for each asset type and the roll forward activities associated with those accounts (additions, disposals, transfers, and other activities).

How To

Navigation:

NetAsset > Reports (All or GL & Recon) > Asset Balance Roll Forward Report > Run

Filtering:

The report search can be narrowed down by adjusting the filters for subsidiary, department, class, location, accounting period, or date. Once desired filters are set, click preview to view the reconciliation.

Results

Upon running the report the user will see the the following activity information:

  • Beginning Balance
    • Any transaction impacts to the accounts prior to the reporting period as well as any NetAsset Go-Live Entry impacts
  • Additions
    • Gross: NetAsset Capitalization & NetAsset Build Up Entries
    • Accumulated Depreciation: NetAsset Depreciation Entries
  • Disposals
    • NetAsset Disposal Entries
  • Transfers
    • NetAsset Transfer Entries and Intercompany Journals
  • Other
    • Any transaction impacts to the accounts during the reporting period not included in another column
  • Ending Balances
    • Beginning balances + transaction impacts from the reporting period

The asset types can be expanded to drill down to the individual asset and underlying transactions.  Select the export button to download report into Excel.

Troubleshooting

Unable to reconcile the "Other Activities" column?

1. The "Other Activities" column within the report represent the asset revaluations that have been made to the asset.

Is there a row with "- None -" as the header?

  1. This represents balances or transactions that have been booked to the applicable account # but were not tagged to a NetAsset Asset. 
    1. If these are transactions in the current period, the applicable transaction can be viewed by expanding the row to show the detail. 
    2. If there is a beginning balance, to determine when the transaction that caused this balance was booked, recommendations are expanding the filtered period, or viewing the Untagged G/L Transactions report . 
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